In August 2009, Suncor Energy completed its merger with Petro-Canada to create Canada's premier energy company.
The 'new' Suncor Energy began trading on the New York Stock Exchange today and on the Toronto Stock Exchange on August 7.
Suncor Energy became Canada's largest energy company and the fifth largest North American-based energy company by market value when it opened trading. The new Suncor combines a leading position in Canada's oil sands with complementary operations in refining and marketing, North American natural gas production and conventional production internationally and offshore East Coast Canada. The company also holds a significant position in Canada's emerging renewable energy industry with wind power projects and biofuels production.
Latest Suncor Energy News
Suncor reports that it has been advised by the operator of the Shelburne Basin joint venture exploration project, Shell Canada Limited, that the drilling of the first exploration well has been completed and it is non-commercial. As a result, in the third quarter of 2016 Suncor will write off its sh... Wednesday, September 21, 2016
Suncor and Fort McKay First Nation today announced the signing of a participation agreement for the purchase and sale of a 34.3% equity interest in Suncor's East Tank Farm Development to Fort McKay First Nation. Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual ... Tuesday, September 6, 2016
The opening seven months of 2016 have brought a revival in the Canadian E&P space following an extremely lacklustre end to 2015, when very few deals were agreed in light of an uncertain and inhibitive pricing environment. In CanOils latest monthly review of deals in the Canadian E&P space, the larg... Thursday, August 18, 2016
OMV, the international integrated oil and gas company based in Vienna, has agreed to sell a 30 percent interest in the UK offshore oil and gas project Rosebank to Suncor Energy. Suncor, based in Calgary, is Canada's largest integrated energy company. After this transaction, OMV's interest will amou... Wednesday, August 10, 2016
All Suncor Energy News
'The forest fires in the Fort McMurray area significantly impacted the region,' said Steve Williams, president and chief executive officer. 'We shut in our Oil Sands production and focused on the safe evacuation of employees, their families and the community. I'm tremendously proud of the Suncor tea... Thursday, July 28, 2016